tennessee senator bob corker. >> everybody on this body knows we've done nothing -- nothing -- by the time this agreement takes place to reduce a penny of debt in this country. people know that. that's a shame. >> reporter: tonight the two sides are still haggling over the $110 billion worth of spending cuts across-the-board cuts that are set to go into effect tomorrow. they're trying to figure out a way to push those cuts off for at least a couple of months. because of that, rebecca, the senate still hasn't voted and the house can't vote until the senate does. so we're still in limbo. >> nancy cordes, thank you. president obama gave a briefing on the budget talks before an audience that included former campaign volunteers and supporters. major garrett is at the white house tonight. major, good evening. >> good evening, rebecca. the president wants higher income taxes on the wealthy but he had to give up a few things to achieve that. gone, for example, the $250,000 threshold that was part of the presidential successful re-election campaign. top white house officials insisted it would